The Meme Coin Collection of David Gokhshtein on Display
David Gokhshtein, a well-known crypto media figure, shared his collection of meme coins on Twitter. Among the tokens in his collection were Dogecoin, Shiba Inu, Floki Inu and PEPE. While Shiba Inu and Dogecoin are relatively well understood, the same cannot be said for PEPE, which is raising concerns within the crypto community due to its sudden surge in popularity and centralized distribution to only a few addresses. The value of the PEPE token has grown exponentially in a matter of days, leading to questions about possible price manipulation. The unusual activity has caused many to question whether the story of a trader making millions by investing just $250 in the token was carefully crafted marketing. The article warns investors to exercise caution when investing in such tokens as their value can fluctuate wildly, and they may not be as lucrative as they initially seem.
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